Iris Biometric Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Request Brochure Request Discount

Report Code: ZMR-205 | Report Format : | Status : Upcoming |

Abstract

Iris biometric is an automated method used for the identification that uses mathematical pattern-recognition techniques on video images of one or both of the irises of an individual's eye, whose complex random patterns are unique, stable, and can be noticed from a certain distance. Iris recognition systems capture images of an iris while it is been illuminated by the light in the near infrared wavelength band (700 to 900 nm) of the electromagnetic spectrum. In the iris biometric system, a template that is created by imaging an iris is compared with stored template in the database for the purpose of identification or verification. Different methods used for comparison process are one-to-one template matching and one-to-many template matching.

Newer technology advancements and growing use in surveillance, access, and identity applications is the major factor driving the growth of the global iris biometric market. Constant use of this technology in national ID programs, healthcare, banking and financial services, and system and network access control is also anticipated to impact the growth of the market in a positive way in the near future. In addition, smart phone manufactures are showing great interest in using iris biometric technique for the improvement of safety standards. In addition, national security agencies are also using the iris scanning technology for the purpose of verifying the identity of the immigrating people from other countries. On the other hand, lack of appropriate standards and high costs may hamper the growth of the global iris biometric market in future.

On the basis of components, the global iris biometric market is segmented as hardware components and software components. Based on the product, the global market is further segmented as smartphones, tablets and notebooks, smart watches, PCs and laptops, scanners, and others. On the basis of application, the global iris recognition market is segmented as access control and time monitoring. Further based on the end-use industry, the global market is segmented as government, military and defense, banking and finance, healthcare, consumer electronics, automotive, and travel and immigration. Out of these, the government segment accounted for the largest share of the market.

Europe dominates the global iris biometric market followed by North America owing to its high demand in the region. Asia Pacific is anticipated to witness the fastest growth followed by Middle East. Owing to the services such as access control, national identity, time and attendance monitor, and public safety provided by this technique, the iris biometric market is expected to experience high growth in the future.

Major players dominating the global iris biometric market are Smartmatic, MorphoTrak, Smart Sensors Ltd., Anviz Global, SRI International, and Iris ID Inc. Other players influencing the global market are BioEnable Technologies Pvt. Ltd., Aditech Ltd., IrisGuard Inc., Human Reco Systems, AOptix Technologies Inc., and EyeLock Corp.

Iris Biometric Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany 
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Related Reports

Artificial Intelligence (AI) Market for CRM by Application (Customer Service and Support, Marketing, Sales, and Other Applications), by Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, and Image Processing), by Organization Size (Small and Medium-Sized Enterprises, and Large Enterprises), and by End-users (BFSI, Healthcare, Manufacturing, Retail, IT and Telecommunication, Media & Entertainment, Energy and Utilities, and Others End-users): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Oct-2018 | Price : $ 4899.00 | Pages: 129 | Report Code: ZMR-3420 | Report Format:

The report covers forecast and analysis for the AI market for CRM on a global and regional level. The study provides historic data of 2015-2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the AI market for CRM along with the...Read More

Solar Based IoT Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3392 | Report Format:

Global Solar Based IoT Market: Overview The concept of solar based IoT is a combination of increased demand for adopting renewable sources of energy and the latest digitization techniques. Solar based IoT is a new technological trend that is slowly and steadily establishing its foothold in the g...Read More

Cognitive Security Market By Component (Solutions and Services), By Security Type (Cybersecurity and Physical Security), by Vertical (Aerospace and Defense, Banking, Financial Services, and Insurance, Energy and Utilities, Government, Healthcare, IT and Telecom, Manufacturing, Retail, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Sep-2018 | Price : $ 4899.00 | Pages: 210 | Report Code: ZMR-3376 | Report Format:

The report analyzes and forecasts the cognitive security market on the basis of component, security type, vertical, and regions. The study shows past data from 2015 to 2017 along with forecast from 2018 to 2024 based on revenue (USD Billion). Assessment of market dynamics gives a brief thought abo...Read More

Unified Monitoring Market by Component (Solutions & Services), by Deployment Type (On-Premises and Cloud), and by Vertical (BFSI, Telecommunications And IT, Healthcare And Life Sciences, Manufacturing, and Others): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2017 – 2024

Sep-2018 | Price : $ 4899.00 | Pages: 260 | Report Code: ZMR-3366 | Report Format:

The report analyzes the unified monitoring market on a global and regional level. The study offers historical data of past years 2015, 2016, and 2017; along with forecast from 2018 to 2024 based on revenue (USD Billion). Assessment of market dynamics gives a brief thought about the drivers and res...Read More

Laser Cutting Machine Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2024

Price : $ 3900.00 | Report Code: ZMR-3343 | Report Format:

Laser Cutting Machine Market: Overview Laser cutting machine is a kind of technology that takes the help of a laser beam to cut the concerned material, either partially or completely. Some materials are very difficult to cut by the traditional means. For such kinds of materials, the laser cuttin...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.